Keystone Realtors Reports Q3FY26 Sales Bookings Decline by 3% to ₹837 Crore
Realty firm Keystone Realtors Ltd has reported a 3% decline in its sales bookings to ₹837 crore in the third quarter of this fiscal year. In the corresponding period last year, the company’s sales bookings stood at ₹863 crore. This decline is attributed to the launch of only one housing project during the quarter.
Mumbai-based Keystone Realtors Ltd operates under the Rustomjee brand, known for its high-quality housing projects. Despite the quarterly decline, the company has demonstrated robust performance over the first nine months of the fiscal year. Sales bookings grew by 23% to ₹2,676 crore compared to ₹2,174 crore in the same period of the previous year, according to a regulatory filing.
Boman Irani, CMD of Keystone Realtors Ltd, stated that the company continues to show strong operational momentum. He highlighted that the October-December period marked a quarter of robust performance, reinforcing the strength of the company’s business model, disciplined execution, and consistent growth. Keystone Realtors has achieved 67% of its pre-sales guidance for the current financial year.
In the third quarter, the company launched one project with an estimated sales value of ₹919 crore. Over the first nine months of the fiscal year, it has launched five projects with a combined estimated sales value of ₹5,835 crore. Irani expressed confidence in the company’s ability to acquire and efficiently execute new projects, positioning it well to capitalize on upcoming demand.
Irani also noted that the company would continue to focus on redevelopment projects in Mumbai, a key market for Keystone Realtors. The company is one of the leading real estate developers in the country, with a strong presence in the Mumbai Metropolitan Region (MMR). Keystone Realtors has developed numerous housing projects in this region, contributing to the urban landscape and providing quality living spaces for residents.
Keystone Realtors’ robust pipeline and strategic focus on redevelopment projects in Mumbai are expected to drive its future growth. The company’s commitment to disciplined execution and strong operational performance is likely to continue, positioning it as a key player in the Indian real estate market.
